Ivar Aasen

The Ivar Aasen field is Det norske’s first major development project as operator. The ivar aasen hovedlogo rgbfield development project is progressing according to schedule towards a planned start-up in the fourth quarter 2016. Det norske is the operator of the unitized development, with a 34.7862 percent interest. Partners are Statoil, Bayerngas, Wintershall, VNG, Lundin and OMW.

Unit agreement

The Ivar Aasen development compromises resources in five fields, PL 001B, 028B, 242, 338 and 547. The licencees in the five fields signed an agreement, witch establishes the ownership interest in the unitized field, in June 2014. Det norske is the operator with 34.7862 percent ownership interest.

The unit agreement comprises the Ivar Aasen and West Cable deposits. The Hanz deposit remains in PL 028B, where Det norske is operator and has 35 percent interest. Hanz is planned to be developed in phase 2 of the Ivar Aasen development.

IvarAasen_Hanz_GriegIvar Aasen partnership:
Det norske oljeselskap     34.7862 percent
Statoil Petroleum                41.4730 percent
Bayergas Norge                    12.3173 percent
Wintershall Norge                 6.4651 percent
VNG Norge                                3.0230 percent
Lundin Norway                        1.3850 percent
OMV Norge                               0.5540 percent

The Ivar Aasen field is situated west of the Johan Sverdrup field in the North Sea, and contains approximately 210 million barrels of oil equivalents, Hanz deposit included. Net to Det norske, this amounts to about 74 mmboe.

Total investments in the project are estimated at NOK 24.7 billion. The anticipated economic life of Ivar Aasen is 20 years, depending on oil price and production trend.

The field development is progressing according to schedule towards a planned start-up in the fourth quarter 2016. In the first week of November 2013, the first steel was cut at SMOE’s yard in Batam in Indonesia, and at Saipem’s yard in Arbatax, Sardinia. At the same time, the work on the platform deck started at the yard in Singapore.

Operated from Trondheim

The Ivar Aasen field is developed and operated from Trondheim. Det norske aims to make use of state-of-the-art technology, ensuring efficient operation and low offshore staffing. An operation centre with control room will be established in Trondheim. The Ivar Aasen development will require approximately 2000 full-time equivalents.

Ivar Aasen picture archive: